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20120904
20120904
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international indebtedness. if the united states economy is not as strong as it has been in the past, we cannot protect our values around the globe, and we cannot negotiate with bankers. this gives us serious weaknesses on the economic and national-security front. the ultimate insult, we handed to the next generation that had no safe in the kinds of things we have seen go on and ask them to pick up the bill, and that seems like a gross injustice and mass. gerri: i want you to respond to something, david axelrod, the president's base of riser said about this and why the president is doing the right thing. here he is. >> the president's plan would do what the simpson bowles plan would do, cut the deficit by $4 trillion, reduce attack under our deficits down to 3 percent of the gross domestic product which is what everybody agrees we need to stabilize the debt. then we will be in a position to begin reducing it further. gerri: what do you make of that. >> perfect except for a couple of flaws. we have not seen the growth and are not likely to get the kind of growth that they assume in those budget
tax rate. the united states have highest corporate tax rate in the industrialized world making us less competitive. we need to bring down the corporate tax rate to attract investors and different corporations as well. we have to simplify the corporate tax code. a lot of extra provisions that can be reduced to simplify and make corporate taxes and individual taxes easier. reducing the rate and simplifying the deductions is the key winning formula. dennis: as soon as we hear reduce the rate that will make some americans feel they are favoring corporations. do you guys want overall corporate tax revenue to go up to help balance the budget? >> corporations have a role to play in the economy and they should play commensurate with their earnings like everybody should pay in terms of how we are structured. in terms of lowering the corporate tax rate increases jobs and that helps americans. by lowering the corporate tax rate you help the economy and individual americans and that is the key to getting the economy started again. dennis: overall should there be an alternative minimum tax so every
religions that were coming to prominence in the united states, and they had a chapter on wicca. i wish i could remember the name of the book. and the picture on it was a woman in silhouette against the sun and she was naked, and she was sitting on the earth and her hands were touching the earth and her head was back, and just sitting there in the sun, basking in all that energy, and i looked at this and said, "that looks wonderful!" and i read this chapter, and the more i was reading, the more i was saying, "yeah, that's what i believe. i think that, i always felt that." and i happened to be dating a young man at that time whose sister moved into an apartment next to a store in new york called the magical child store that basically sells books having to do with magic, witchcraft - walked in and found a guide called, the circan guide to paganism and pagan resources, and in the back was like a telephone directory of all these groups in illinois, and i wrote to one and became initiated into my first coven. and it was just like coming home. >> see, we'll see this over and over again as we mo
. >> in the sense that china is slowing down, europe is a mess, a lot of foreign capital coming to the united states, whether it's real estate. equities, treasuries, and worst still the united states, the bad lot. people are going to maintain them and we're outperforming and many versus india and russia and the money is slowing out of the u.s. and you see the money coming here. so far so good. and the scenario is right about bernanke being proactive and the money keeps coming. >> every time you come to the program, a great guest for us to have and we appreciate that. you said, look, go for the big name, international companies, are you still there? >> still there because we like the global footprint and the core competencies and the global brand. it takes decades, good management and core competence to build that out. and apple, ge, ibm, not recommending those, they're good global brands around for 50, 100 years, and they're going to be around for another hundred years. >> joe, good stuff. we appreciate it, thank you so much. sir. time for the gold report. almost at 950 eastern. where are we now? lo
Search Results 0 to 3 of about 4